What is the most valuable company in the Middle East?
Saudi Aramco Aramco is the largest integrated oil and gas company in the world, and retains its position as the most valuable brand in the Middle East.
The world's largest oil and gas giant, Aramco, retains the top spot with $604.4 billion in sales and a market value of $2.1 trillion, followed by SABIC, Qatar's QNB Group, and the Saudi National Bank.
What is the most valuable brand in the Middle East?
Aramco has retained its position as the Middle East's most valuable brand, despite seeing a reduction in value, according to a global report. Aramco's brand value has witnessed a slight decrease to $41.6bn in 2024.
What are the biggest industries in the Middle East?
The Middle East is widely recognized for its significant role in the global energy market. However, countries in the region also foster other substantial industries, including metals, chemicals, and agriculture.
The top 10 listed companies in the Middle East for 2022
What is the richest company in Arabic?
1. Saudi Aramco. Saudi Aramco, headquartered in Dhahran, Saudi Arabia, was founded in 1933. It operates in multiple countries, with operations in more than 80 countries worldwide.
The UAE's economy is the 2nd largest in the Middle East (after Saudi Arabia), with a gross domestic product (GDP) of US$415 billion (AED 1.83 trillion) in 2021-2023. $509.18 billion (nominal; 2023 est.) $895.17 billion (PPP; 2023 est.)
The region is rich in natural resources with oil and gas running regional economy. The abundant petroleum fields in Arab countries attract Western powers to the Middle East. The United States' influence in the Middle East for past two decades is a prime example of it.
Yemen, the poorest country in the Middle East, has been plagued by conflict for more than six years, which has caused what the United Nations describe as one of the world's largest crisis.
Today, Apple is the most valuable brand in the world. Its value is estimated at $355 billion by rating agencies experts. The company was established on 1 April 1976 by Steve Wozniak, Ronald Wayne, and Steve Jobs.
Qatar has been named the fourth richest country globally. Also, it is the first-ever Arab nation to be among the top four wealthiest nations. The latest report from Global Finance ranks other Arab countries, like the UAE, Bahrain, Saudi Arabia, Kuwait, and Oman, positioned after Qatar.
At the pinnacle of our saga stands the House of Saud, rulers of the Kingdom of Saudi Arabia since 1744. King Salman, presiding since 2015, oversees a dynasty that boasts a staggering net worth of $1.4 trillion (£1.1tn). Their opulence eclipses entire economies, and their influence reverberates across nations.
The report stated that Kuwait ranked second with per capita wealth of $171,300; United Arab Emirates (UAE) in third place with $122,800; Bahrain ranked fourth with $98,000; Saudi Arabia took the fifth place with $84,400; Oman ranked sixth; Jordan ranked seventh; Egypt ranked eighth; Tunisia ranked ninth and Iraq ranked ...
Saudi Arabia is the largest economy, accounting for one fifth of the region's total GDP. At about half the size of Saudi Arabia, the Islamic Republic of Iran and Israel are the next largest economies.
Saudi Arabia's total household wealth reached $2.3 trillion in 2022, compared to $1.2 trillion in the UAE. However, the wealth per adult in the UAE stood at $152,556, a 68 percent increase over Saudi Arabia's $90,975 last year, attributed to the Kingdom's larger population size.
The discovery of oil in 1966 changed everything and transformed Dubai into a wealthy city almost overnight. Oil and gas exports generated huge revenues for the city and enabled it to invest in infrastructure, public services, and social programs.
Qatar is currently considered the richer country when compared to the UAE, based on various economic indicators: GDP per capita (PPP): Qatar: $92,862.35.
According to the CIA World Factbook and Forbes, the Arabian nation of Qatar holds the title of the "richest country of the world," boasting an annual average per capita income of $103,768.60. For a little perspective, that's more than double the average annual per capita income in the United States!
Key word that makes the difference is Agriculture. Yemen receives considerable rainfall good enough to have crops, while Oman mostly mountains or plain desert land with plenty of sand, used to rely on being fishermen with no land/water to have farms.
$1 trillion is an unfathomable amount of money, but 6 companies in the world have been able to achieve a valuation of over this mark. They all employed effective innovation, vision, and adaptability to build themselves into what they are today, which has culminated in them redefining the global business landscape.
Luxembourg, whose financial sector makes up 25% of its GDP, is the world's richest country by GDP per capita. With a population of just 660,000, the country is also considered a tax haven, incentivizing foreign investment due to its favorable tax policies.
